Daniel Group pays $3.5M for dev site in Jamaica

Daniel Group through the entity 12 Nyc LLC paid $3.5 million to the entity Lotmor, LLC for the development site that’s currently an industrial building (G2) at 105-09 Merrick Boulevard in Jamaica, Queens.
The deal closed on March 5, 2026 and was recorded on March 16, 2026. The property has 9,722 square feet of built space and 20,536 square feet of additional air rights for a total buildable of 30,200 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $356 and the price per buildable square foot is $114 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Ellen Miller was Ellen Miller. The signatory for Daniel Group was Edward J. Bullard Jr. . The contract date was August 22, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Daniel Group purchased nine properties in four transactions for a total of $18.9 million and sold one property in one transaction for a total of $2.9 million over the past 24 months.
The seller Ellen Miller had not purchased any other properties and had not sold any properties over the same time period. The 9,722-square-foot property generated revenue of $122,644 or $13 per square foot, according to the most recent income and expense figures.

Recent Daniel Group Stories:

• Veterinarian pays $2.9M to Daniel Group for retail in Woodhaven (November 11, 2025)

• Daniel Group pays $7.5M for dev site in Jamaica (March 27, 2024)

• Nonprofit pays $5.5M to Daniel Group for retail in Astoria (April 28, 2023)

• French Bookstore pays $3M to Daniel Group for retail in Chelsea (April 18, 2023)

The property

The industrial building in Jamaica has 9,722 square feet of built space and 20,536 square feet of additional air rights for a total buildable of 30,200 square feet according to a PincusCo analysis of city data. The parcel has frontage of 99 feet and is 143 feet deep with a total lot size of 15,100 square feet. The lot is irregular. The zoning is R5D which allows for up to 2 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $773,000.

Transaction Participants

Edward Bullard at Bullard Law Group, PLLC participated in the transaction on behalf of the buyer .

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Jamaica, The bulk, or 34 percent of the 29.2 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 14 percent of the space. In sales, Jamaica has near average sales volume among other neighborhoods with $299.9 million in sales volume in the last two years and is the 7th highest in Queens. For development, Jamaica has 1.8 times the average amount of major developments relative to other neighborhoods and is the 3rd highest in Queens. It had 2.7 million square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the four commercial properties representing zero square feet of the 13,855 square feet. The identified owner is City Of New York.
There are no active new building construction projects on this tax block.

The majority, or 71 percent of the 13,855 square feet of built space are industrial buildings, with mixed-use buildings next occupying 29 percent of the space.

The buyer

The PincusCo database currently indicates that Daniel Group owned at least 45 commercial properties with 344 residential units in New York City with 409,073 square feet and a city-determined market value of $78.5 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 43 percent of the 409,073 square feet of built space are elevator properties, with walkup properties next occupying 25 percent of the space. The bulk, or 33 percent of the built space, is in Queens, with Bronx next at 27 percent of the space.

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